Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Chile - 2024

Contents:

1. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Chile (CIF) - 2022
2. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Chile (FOB) - 2022
3. Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Chile
4. Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Chile

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Chile (CIF) - 2022

The average import price for steel, alloy stood at $1,073 per ton in 2022, surging by 34% against the previous year. Overall, the import price saw a moderate expansion. The most prominent rate of growth was recorded in 2021 an increase of 47%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($1,418 per ton), while the price for South Korea ($593 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Chile (FOB) - 2022

In 2022, the average export price for steel, alloy amounted to $876 per ton, increasing by 5.3% against the previous year. Over the period under review, the export price recorded buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Peru.

From 2015 to 2022, the rate of growth in terms of prices for Ecuador amounted to -16.7% per year.

Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Chile

In 2022, imports of steel, alloy into Chile declined rapidly to 20K tons, waning by -92.3% against 2021. In general, imports faced a sharp curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 140% against the previous year. As a result, imports reached the peak of 254K tons, and then shrank notably in the following year.

In value terms, imports of steel, alloy contracted notably to $21M in 2022. Over the period under review, imports showed a sharp downturn. The growth pace was the most rapid in 2021 when imports increased by 234%. As a result, imports reached the peak of $204M, and then fell markedly in the following year.

Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils to Chile in 2022:

1. China (12.2K tons)
2. South Korea (3.9K tons)
3. Japan (1.5K tons)
4. Argentina (0.7K tons)
5. Brazil (0.5K tons)
6. Mexico (0.4K tons)

Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Chile

Exports of steel, alloy from Chile rose notably to 18 tons in 2022, increasing by 10% compared with 2021 figures. The total export volume increased at an average annual rate of +10.4% from 2021 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of steel, alloy skyrocketed to $16K in 2022. The total export value increased at an average annual rate of +16.3% from 2021 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils from Chile in 2022:

1. Peru (17.9 tons)

Source: IndexBox Market Intelligence Platform